World

Eyeing big China box office, Hollywood bows to censorship: Report
China, World

Eyeing big China box office, Hollywood bows to censorship: Report

WASHINGTON: The lure of the massive Chinese market has led Hollywood to readily self-censor its films to please Beijing, according to a new report by Pen America, an anti-censorship group. Screenwriters, producers and directors in the huge US film industry are changing scripts, deleting scenes and altering other content, afraid of offending Chinese censors who control the gateway to the country's 1.4 billion consumers, according to the report released Wednesday. The actions include everything from deleting the Taiwanese flag from Tom Cruise's bomber jacket in the upcoming Top Gun: Maverick, to removing China as the source of a zombie virus in 2013's World War Z. But it also means completely avoiding sensitive issues including Tibet, Taiwan, Hong Kong politics, Xinjiang and the portr...
Singapore’s exports down 15.2% in Q2 2020, forecasts adjusted upwards
Singapore, World

Singapore’s exports down 15.2% in Q2 2020, forecasts adjusted upwards

SINGAPORE: Total merchandise trade in Singapore declined by 15.2 per cent in the second quarter of 2020, following a slight growth of 0.5 per cent in the previous quarter. Official data by Enterprise Singapore also showed on Tuesday (Aug 11) that non-oil trade declined by 3.3 per cent, after the previous quarter’s 4.4 per cent increase. Oil trade fell sharply in the second quarter, by 61.9 percent, compared to the 15.9% drop in the first quarter. (Graphic: Enterprise Singapore) On a quarter-on-quarter seasonally adjusted basis, total merchandise trade decreased by 14.3 per cent in Q2 2020, after the previous quarter’s 0.1 per cent growth. Non-oil trade declined by 7.7 per cent, while oil trade contracted by 50.6 per cent. On a year-on-year basis, non-oil exports (NOX), which inc...
Endless first wave: How Indonesia failed to control COVID-19
China, World

Endless first wave: How Indonesia failed to control COVID-19

JAKARTA: Only last week Luhut Pandjaitan, Indonesia’s maritime minister and close confidant of the country’s president, touted herbal mangosteen juice as a coronavirus remedy. His suggestion was the latest in a string of unorthodox treatments put forward by the president’s Cabinet over the past six months, ranging from prayer to rice wrapped in banana-leaf to eucalyptus necklaces. The remedies reflect the unscientific approach to battling the coronavirus in the world’s fourth-most populous country, where the rate of testing is among the world’s lowest, contact tracing is minimal, and authorities have resisted lockdowns even as infections spiked. Indonesia has officially reported 6,346 deaths from COVID-19, the disease caused by the new coronavirus, the highest overall toll in Southe...
Hong Kong will suspend some legal cooperation with US, China says
China, World

Hong Kong will suspend some legal cooperation with US, China says

BEIJING: Hong Kong will suspend an agreement on mutual legal assistance with the United States, China's foreign ministry said on Thursday (Aug 20), in a tit-for-tat response to Washington ending some agreements with Hong Kong. The US State Department notified Hong Kong on Wednesday that Washington had suspended or terminated three bilateral agreements with the semi-autonomous city following China's imposition of a sweeping national security law. "China urges the US to immediately correct its mistakes," foreign ministry spokesman Zhao Lijian told a news briefing on Thursday as he announced the suspension of the agreement on legal assistance. The agreement, signed in 1997 before Britain returned Hong Kong to China, specified that the United States and Hong Kong governments would help ...
Turkey’s COVID-19 cases up more than 1,000 in ‘severe’ rebound
China, World

Turkey’s COVID-19 cases up more than 1,000 in ‘severe’ rebound

ISTANBUL: Turkey's new coronavirus cases jumped above 1,000 for the first time in three weeks on Tuesday (Aug 4) in what the government called a troubling rise during peak holiday season, raising concerns among top doctors about insufficient testing. Ankara, which lifted a partial lockdown in June and has lobbied hard for countries to allow tourists to visit, has called 1,000 a critical threshold to possibly reconsider rules. The 1,083 new COVID-19 cases reflect a "severe" rise after a four-day holiday weekend, Health Minister Fahrettin Koca wrote on Twitter, urging Turks to avoid contact and prevent vacations from having grave consequences. The virus has killed 5,765 and infected 234,934 in the country, putting it seventeenth globally based on total cases, according to a Reuters ta...
China’s presence in Arctic poses military threat to West
China, World

China’s presence in Arctic poses military threat to West

Melting ice in Arctic Circle has raised the focus for Donald Trump's administration over the presence of china’s navy and its effort to strengthen its knowledge of the Arctic. According to the 2020 Nordic Report, China has made efforts to lay the necessary diplomatic groundwork to justify future military activities but creation of new sea due to melting ice could offer china’s submarines a clear path which could pose a military threat to the West.US forces commander, Admiral James Foggo, said: "The diminishing ice coverage is causing competition to emerge in this new area”.“The High North is attracting global interest with abundant natural resources and opening maritime routes that have not been navigable before", Admiral Foggo added.Pentagon in its warning also said: "The diminishing ice ...
Myanmar continues pushback against China’s BRI
China, World

Myanmar continues pushback against China’s BRI

In yet another setback for China’s expansionist plans, the Myitkyina Financial Growth Zone (MEDZ) – a part of China’s ambitious Belt and Road Initiative (BRI) – is behind schedule due to reservations from the Myanmar government and its residents.China’s headache continues to multiply in its southern neighbor Myanmar with a series of BRI associated infrastructure projects that hopes to provide Beijing access of Bay of Bengal facing critical pushback.After the Yangon mega city project where Beijing’s position has been minimized China funded Myitkyina Financial Growth Zone (MEDZ) – which was scheduled to be ready by 2021 – in Myanmar’s Kachin state is yet to take off due to serious differences between the Myanmar government and Chinese firm over land acquisition and compensation package.It wa...
Singapore to allow New Zealand, Brunei visitors in first border easing
Singapore, World

Singapore to allow New Zealand, Brunei visitors in first border easing

Singapore on Friday said it would reopen its borders to visitors from New Zealand and Brunei from next month, in the city-state's first steps towards resuming leisure travel since it sealed its borders to control Covid-19 outbreaks. The city-state, which currently only allows official and business travel to selected countries, also said it would allow students to travel for study overseas if distance-learning was not available. The measures would take effect on Sept. 1, with various restrictions, the health ministry said. Singapore sealed its borders in March and subsequently went into a two-month lockdown as mass outbreaks in cramped migrant worker dormitories emerged. Those lockdown measures were lifted in June and the travel and tourism hub — facing its worst recession in history — ...
California state controller asks CalPERS to investigate CIO’s exit
China, World

California state controller asks CalPERS to investigate CIO’s exit

The California State Controller Betty Yee has called for the board of the California Public Employees' Retirement System (CalPERS), the largest public U.S. investment fund, to launch an inquiry into the abrupt exit of its chief investment officer. REUTERS: The California State Controller Betty Yee has called for the board of the California Public Employees' Retirement System (CalPERS), the largest public U.S. investment fund, to launch an inquiry into the abrupt exit of its chief investment officer. Yu Ben Meng, a U.S. citizen born in China, resigned from his position at the US$400 billion fund last week, saying he needed to focus on his health and family. In a letter sent to CalPERS' Board President Henry Jones on Monday, Yee called for a "swift and thorough inquiry" to determine w...
Robinhood valuation surges to US$11.2 billion after latest funding round
Market, World

Robinhood valuation surges to US$11.2 billion after latest funding round

related media assets (image or videos) available. Click to see the gallery. 2 related media assets (image or videos) available. Click to see the gallery. Robinhood Markets Inc, the fintech startup credited with helping popularize trading among millennials, said on Monday it has raised US$200 million from investment firm D1 Capital Partners at a valuation of US$11.2 billion. REUTERS: Robinhood Markets Inc, the fintech startup credited with helping popularize trading among millennials, said on Monday it has raised US$200 million from investment firm D1 Capital Partners at a valuation of US$11.2 billion. Robinhood is one of the hottest fintech startups in Silicon Valley, having consistently raised large sums at higher valuations from several marquee investors including Sequoia Capital, Ri...